CHOICEONE FINANCIAL SVCS INC (COFS)
US1703861062 - Common Stock
Taking everything into account, COFS scores 4 out of 10 in our fundamental rating. COFS was compared to 411 industry peers in the Banks industry. There are concerns on the financial health of COFS while its profitability can be described as average. COFS has a valuation in line with the averages, but it does not seem to be growing. COFS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year COFS was profitable.
COFS had a positive operating cash flow in the past year.
In the past 5 years COFS has always been profitable.
Each year in the past 5 years COFS had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.82%, COFS perfoms like the industry average, outperforming 47.20% of the companies in the same industry.
With a decent Return On Equity value of 10.86%, COFS is doing good in the industry, outperforming 66.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 10.86% | ||
| ROIC | N/A |
ROA(3y)0.92%
ROA(5y)0.82%
ROE(3y)11.6%
ROE(5y)9.08%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 26.31%, COFS is in the better half of the industry, outperforming 63.50% of the companies in the same industry.
In the last couple of years the Profit Margin of COFS has remained more or less at the same level.
COFS does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 26.31% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y7.54%
PM growth 5Y0.8%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
COFS does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for COFS has been increased compared to 1 year ago.
COFS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for COFS is higher compared to a year ago.
2.2 Solvency
COFS has a debt to FCF ratio of 0.84. This is a very positive value and a sign of high solvency as it would only need 0.84 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.84, COFS is in the better half of the industry, outperforming 78.83% of the companies in the same industry.
COFS has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
COFS's Debt to Equity ratio of 0.18 is fine compared to the rest of the industry. COFS outperforms 60.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 0.84 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.41%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for COFS have decreased strongly by -10.31% in the last year.
The Earnings Per Share has been growing slightly by 6.81% on average over the past years.
COFS shows a decrease in Revenue. In the last year, the revenue decreased by -0.75%.
COFS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.76% yearly.
EPS 1Y (TTM)-10.31%
EPS 3Y10.7%
EPS 5Y6.81%
EPS growth Q2Q-21.35%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y3.08%
Revenue growth 5Y22.76%
Revenue growth Q2Q-2.45%
3.2 Future
Based on estimates for the next years, COFS will show a small growth in Earnings Per Share. The EPS will grow by 3.82% on average per year.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y4.89%
EPS Next 2Y3.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.38, which indicates a very decent valuation of COFS.
Based on the Price/Earnings ratio, COFS is valued a bit cheaper than 67.40% of the companies in the same industry.
COFS is valuated cheaply when we compare the Price/Earnings ratio to 25.20, which is the current average of the S&P500 Index.
COFS is valuated cheaply with a Price/Forward Earnings ratio of 7.99.
Based on the Price/Forward Earnings ratio, COFS is valued cheaper than 80.29% of the companies in the same industry.
COFS is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 7.99 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of COFS indicates a rather cheap valuation: COFS is cheaper than 91.97% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.22 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
COFS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.71
PEG (5Y)1.23
EPS Next 2Y3.82%
EPS Next 3YN/A
5. Dividend
5.1 Amount
COFS has a Yearly Dividend Yield of 4.49%, which is a nice return.
COFS's Dividend Yield is a higher than the industry average which is at 3.86.
COFS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
5.2 History
On average, the dividend of COFS grows each year by 7.96%, which is quite nice.
COFS has paid a dividend for at least 10 years, which is a reliable track record.
COFS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.96%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
37.22% of the earnings are spent on dividend by COFS. This is a low number and sustainable payout ratio.
COFS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP37.22%
EPS Next 2Y3.82%
EPS Next 3YN/A
CHOICEONE FINANCIAL SVCS INC
NASDAQ:COFS (4/26/2024, 12:52:53 PM)
23.62
-0.15 (-0.63%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap178.33M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 7.99 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.71
PEG (5Y)1.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 10.86% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 26.31% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-10.31%
EPS 3Y10.7%
EPS 5Y
EPS growth Q2Q
EPS Next Y4.89%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y3.08%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y